A few New Year Reminders

Standard mileage rates, as of January 1, 2011:

• 51 cents per business mile
• 19 cents per mile for medical purposes
• 14 cents per mile for charitable services

Update your payroll state unemployment rate;
Estimated tax, if not paid before the end of 2010, they are due January 18th
To avoid income tax penalties be sure you have paid 100% of 2009 taxes or 90% of what you owe this year;
Get a basket, shoe box, or storage box, to contain all the tax documents you will start receiving via mail or e-mail;
This is a great time to update your home inventory by adding any electronic or other valuable items received over the holidays. Be sure to discuss with your insurance agent for additional coverage, if necessary;
Take advantage of buying ‘out season’ items, such as carpet, linens and swimwear.

If you need help looking over your finances, give me a call at 314.265.1531 and I can recommend the perfect solution!